Deutsche Mark

The Deutsche Mark (, German mark, abbreviated "DM") was the official currency of West Germany (1948–1990) and unified Germany (1990–2002) until the adoption of the euro in 2002. It is commonly called the "Deutschmark" in English but not in German. Germans often say "Mark" or "D-Mark". It was first issued under Allied occupation in 1948 replacing the Reichsmark, and served as the Federal Republic of Germany's official currency from its founding the following year until 1999, when the mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins in early 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contrast to the other Eurozone nations, where the euro and legacy currency circulated side by side for up to two months. Mark coins and banknotes continued to be accepted as valid forms of payment in Germany until 28 February 2002.

The Deutsche Bundesbank has guaranteed that all German marks in cash form may be changed into euros indefinitely, and one may do so at any branch of the Bundesbank in Germany. Banknotes can even be sent to the bank by mail.

On 31 December 1998, the European Central Bank (ECB) fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1.

One Deutsche Mark was divided into 100 pfennigs.

Read more about Deutsche MarkBefore 1871, 1873–1948, Early Military Occupation 1945–1947, Currency Reform of June 1948, Coins, Banknotes, Spelling and Pronunciation, Reserve Currency

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Bretton Woods System - Pegged Rates - Deutsche Mark
... Date # Mark = $1 US Note 21 June 1948 3.33 Eur 1.7026 18 September 1949 4.20 Eur 2.1474 6 March 4 ... Eur 2.0452 29 October 1969 3.67 Eur 1.8764 30 December 1998 1.673* Last day of trading ...
currency" class="article_title_2">Deutsche Mark - Reserve Currency
... Before the switch to the euro, the mark was a major international reserve currency, second only to the United States dollar. 19.8% 24.2% 25.3% 24.9% 24.3% 25.2% 26.3% 26.4% 27.6% 26.0% 25.0% 25.1% German mark 15.8% 14.7% 14.5% 13.8% French franc 2.4% 1.8% 1.4% 1.6% Pound sterling 2.1% 2.7% 2.6% 2.7% 2.9% 2.8% 2.7% 2.9% 2.6% 3.2% 3 ...
Summer Olympic Coins - 1972 Munich Olympics - Series Six
... Denomination Reverse Design Artist Obverse Design Artist Edge Date of Issue Finish 10 Deutsche Mark A stylized German Eagle, and the legend “Bundesrepublik Deutschland 10 Deutsche Mark” Siegmund Schutz ... (F), Karlsruhe (G), Hamburg (J) Proof 15 Deutsche Mark, Circulated 10 Deutsche Mark ...
Bank Deutscher Länder
... Länder (Bank of the German States), abbreviation BdL, was the forerunner of the Deutsche Bundesbank ... Bank deutscher Länder introduced the Deutsche Mark currency in the three western zones of occupation ... On 1 November 1948, state central banks in the French zone, which had adopted Deutsche Mark in June too, joined the BdL ...
West German Federal Election, 1969 - Campaign
... revaluing (increasing the external value of) the Deutsche Mark, West Germany's currency, to reduce the country's inflation rate and the rate of growth of the country's businesses' income ... However, his counterpart Finance Minister Franz-Josef Strauss (CSU) rejected the Deutsche Mark's revaluation, because his strong supporters, the ... Community's foodstuffs prices were paid in US dollars, and the Deutsche Mark's revaluation would have made them less favourable for the West German farmers (i.e ...

Famous quotes containing the word mark:

    Why do you call me good? No one is good but God alone.
    Bible: New Testament, Mark 10:18.